PrincipFinancACCT-Assignment 1(Ch1-4)-SUM12018 (1) (Protected View) Word (Nor La

Question

PrincipFinancACCT-Assignment 1(Ch1-4)-SUM12018 (1) (Protected View) Word (Nor Layout References Mailings Review View Help Tell me w -files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected he features of Word have been disabled.Reactivate d to make a quick edit before renewing your subscription, learn more about the Office Web App at you want Principles/Financial/Accounting (WEB) Summer 1 2018 Chapter 1-4 Assignments Total points 30 ( 3 points each, except #69,&11) 1. Which of the following transactions does not involve an exchange of value? a. b. c. d. Payment of a debt Purchase of a building on credit Borrowing money Loss from theft

Explanation / Answer

Correct option is (d)

Loss from theft does not involve exchange of value while other three options involve exchange in value.For exchange of value there must be some transaction between two parties but in case of theft it is without the will of one party.

Related Questions

Navigate

• Browse (All)
• Browse P
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.